In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition's full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.
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It is not business as usual in distribution, as reflected by the most-read blogs on MDM.com this month.
It’s a new era at WESCO International, which rode the acquisition of Anixter International to a 2Q revenue and EPS beat in its first earnings report since the epic deal closed in June. But pitfalls remain as a massive integration looms for the two distribution giants.
In its first earnings report since completing the $4.5 billion acquisition of Anixter International Inc., WESCO notched a loss of $34.5 million.
What does the new normal look like in a socially distanced business environment? MDM examines what’s on the horizon for both strategic and financial deals, as well as for prospective buyers and sellers, in a world still dealing with the COVID-19 coronavirus.
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Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus.
Walmart prioritizes its online business and WESCO becomes the No. 1 electrical distributor with Anixter acquisition.
Three channels that will feel the biggest impact from WESCO’s June 22 acquisition of Anixter.
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The largest B2B distribution M&A deal finalized Monday, and it is going to have a big impact on electrical, industrial and datacomm distribution.
Electrical giants clear regulatory hurdles as Anixter becomes wholly owned subsidiary of WESCO.
WESCO has also made an offer to acquire Anixter International.
The bid comes one day after Anixter reported it had agreed to a bid from private equity firm Clayton, Dubilier & Rice.
Nelson Squires served as the Company's Group Vice President and General Manager of WESCO Canada/International/WIS since January 2018.
Laura Thompson will also serve as a member of the Board's Audit Committee upon her appointment.
WESCO International is using the cloud-based Descartes Route Planner On-demand solution to help customers enhance delivery services and supply chain performance.
WESCO joins as a founding anchor member in launching their newest accelerator.
